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Author Topic: [2016-08-12]Russian Tax Service: bitcoin trade to be taxed  (Read 248 times)
smartgerman
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August 12, 2016, 08:16:30 AM
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Russian Tax Service: bitcoin trade to be taxed as currency transactions
According to the Federal Tax Service, regardless of their status, sale or purchase of cryptocurrencies are deemed
currency transactions under the Russian law and should be reported to tax authorities.
http://www.coinfox.info/news/legislation/6168-russian-tax-service-bitcoin-trade-to-be-taxed-as-currency-transactions
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August 12, 2016, 11:03:29 AM
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Usually when there is Bitcoin related news from Russia, it's always about something negative in the way of bans, and punishing people for even using it. This time it's however not directly a bad article. Officially here where I live in Western Europe, we also need to report our transactions and holdings to the tax authority. However, can't think of anyone actually doing it as it will cost them money. Tongue

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August 12, 2016, 01:08:48 PM
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the Russian Deputy Minister of Finance Alexey Moiseev noted that, while forbidding the issuance of cryptocurrency in the country because it contradicts the Constitution, the Ministry would allow its purchase to be used for purchases abroad. Technically, it meant bringing the legal status of cryptocurrency close to foreign currencies.
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